Business

China’s SAIC Motor to build $870M second plant in Thailand

The venture, SAIC-CP Motor, is currently building its second plant in the country southeast of Bangkok, and is reportedly spending more than 30 billion baht ($870 million).

Published

4 years ago

May 17, 2017

Headline Editor

BANGKOK — SAIC Motor is planning to ship vehicles from Thailand to other parts of Southeast Asia and beyond, following in the footsteps walked decades ago by Japanese automakers.

The major Chinese carmaker has been manufacturing MG-brand vehicles in Thailand through a joint venture with local conglomerate Charoen Pokphand Group.

The venture, SAIC-CP Motor, is currently building its second plant in the country southeast of Bangkok, and is reportedly spending more than 30 billion baht ($870 million).

The facility, which is slated to open as soon as next year with an annual output capacity of 200,000 units, will be used for exports, said MG Sales (Thailand) Vice President Pongsak Lertrudeewattanavong. Pongsak has indicated to local news outlets that the business strategy for the new plant will be announced around October.

SAIC-CP Motor is now making the MG3 subcompact hatchback, MG GS sport utility vehicle and two other models.

It plans to add two more models by the end of the year, including a multipurpose vehicle. As the lineup expands, the brand’s dealership network in Thailand will increase about 50% to 90 locations by the end of the year.

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Business

Online intellectual property dispute platform to go live next year

The online dispute settlement platform for intellectual property cases will assist with cases related to copyright, patents, and trademark infringements using digital technology.

Published

3 weeks ago

December 8, 2020

National News Bureau of Thailand

BANGKOK (NNT) – The Department of Intellectual Property has introduced its online dispute settlement services covering intellectual property cases that it developed with the Thai Arbitration Institute.

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Business

Thailand pushes for “Ease of Doing Business” reforms

Thailand is in the process of responding to the World Bank’s advice and the “Ten for Ten” proposal by five ambassadors to Thailand, according to Deputy Prime Minister and Minister of Energy Supattanapong Punmeechaow.

Published

4 weeks ago

December 1, 2020

Olivier Languepin

The government has made improving the business environment in Thailand a key policy by setting a goal to raise the ranking of the ease of doing business to be among the top 20 countries in the world.

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Business

Thailand remains in pole position for the highest funds raised across Southeast Asia

Taking the top two spots on the region’s leaderboard this year are Thailand’s Central Retail Corporation Public Company Limited and SCG Packaging Public Company Limited with US$1.77 billion and US$ 1.27 billion funds raised respectively

Published

1 month ago

November 26, 2020

Pr News

Thailand’s Central Retail Corporation Public Company Limited raised US$1.77 billion in 2020

THAILAND, 26 November 2020 — Capital markets across Southeast Asia stayed resilient in 2020 despite a host of uncertainties from the evolving global health crisis to the worsening US-China trade tensions and the impact of the US presidential elections.

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